1 Feb '08
Board of Directors of Ural’s largest telecommunication company OAO Uralsvyazinform have made a decision to place bonds for the total amount of $82m.
The nominal value of one bond is $40.9. The coupon period is 182 days.
The company’s bonds will be placed at Moscow Interbank Currency Exchange. The offering mode is public offering. The issuing agent is Svyaz-Bank and the financial advisor is the Baltic Financial Agency.
All the funds received as the result of the public offering will be spent on the refinancing of the existing credit portfolio as well as on the financing of the company’s investment program.